Mu Coin vs Tether

Tether (USDT) is 16606865.3× the size of Mu Coin (MU) by market capitalisation. Over the past 30 days, MU is ahead by 13.0 percentage points (MU +12.9% against USDT -0.0%). Their daily returns move barely together (correlation 0.09 across 24 shared trading days). MU has been the more volatile of the two, at 251% annualised against USDT's 1%.

Correlation: 0.09
Size ratio: 1 : 16606865.3
Ahead over 30 days: MU

Mu CoinMU

$0.010686

24h: +1.28%
Market cap: $10,689
Volume 24h: $39
Volatility (ann.): 251%

TetherUSDT

$0.998963

24h: -0.04%
Market cap: $177.52B
Volume 24h: $61.96B
Volatility (ann.): 1%

MU 0.0%Share of the two combined market caps100.0% USDT

Performance

MUUSDT

7 days-0.28%+0.03%USDT
30 days+12.95%-0.04%MU

Correlation

0.09over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	MU	USDT
Max drawdown (400d)	-47.4%	-0.2%
Risk-adjusted return (90d)	0.06	0.03

Relative strength over 90 days: USDT outperformed MU by 25.1% — measured on the MU/USDT ratio, so it holds regardless of market direction.

Mu Coin →Tether →